Make Your DeFi DApp Polkadot-Ready with Acala’s EVM at ETHDenver 2021

Earn bounties, meet the team, and access Acala’s EVM for the best of Ethereum and Polkadot/Substrate capabilities

Move over PegaBufficorn! It’s the year of the Spork Marmot. The ETHDenver #BUIDLathon is officially underway — and Acala is thrilled to attend as a presenting sponsor with exciting bounties, hands-on training, and a first look at the Acala EVM.

Read on to make your Ethereum DApp compatible with Polkadot and beyond.

All-in-One DeFi

Acala is the EVM-compatible DeFi Hub and stablecoin platform of Polkadot. It’s a special economic zone and landing pad for DeFi DApps to get access to the multi-chain Polkadot ecosystem. With a suite of DeFi protocols including a multi-collateralized stablecoin backed by cross-chain liquidity such as Bitcoin and DOT, a liquid staking derivative (LDOT) that allows users to stake and earn DeFi yield at the same time, and a decentralized exchange with flexible fee settlements, Acala is a one-stop shop for multi-chain DeFi primitives.

Introducing the Acala EVM

With the Acala EVM, developers can enable Solidity contracts to be deployed on Acala and Polkadot with minimal changes. What’s more, the EVM offers distinct features in addition to being faster and cheaper, such as aggregated cross-chain liquidity, paying fees in any token, and an on-chain automatic scheduler that enables use cases like subscriptions and recurring payments.

Leverage EVM on Your Build

We’re excited to share our knowledge and experience while supporting Ethereum DApps to open shop on Polkadot and beyond. Whether you’re familiar with Solidity, Rust or Substrate — or you’re just getting started — our team is here to help you extend your project’s reach with an Acala’s EVM deployment. Ready to #BUIDL?

ETHDenver Kickoff - Deploying your Ethereum Project on Acala & Polkadot - Crowdcast Register now for Acala’s event on Crowdcast, scheduled to go live on Wednesday February 03, 2021 at 6:00 pm BRST. www.crowdcast.io

Bounties

We’re offering two rewards for teams that demonstrate their creativity and technical expertise while contributing to the Web3 ecosystem. BUIDLers can compete for one or both bounties for a reward pool totaling $3000. We’re especially excited to see utilization of any special features and/or tech from other ETHDenver sponsors.

Deploy a DApp on Polkadot Using the Acala EVM

Reward: $1000

For this bounty, teams are asked to deploy Solidity contracts on the Rust-based Polkadot chain, tapping into cross-chain liquidity in the Polkadot ecosystem. We’re keen to see what’s possible. The main judging criteria is the completeness of code and a working DApp. We’ll happily accept contracts you’ve built for other bounties and prizes.

Build a DApp Using the Acala EVM with the On-Chain Automatic Scheduler Function

Reward: $2000

Imagine what you can do with the on-chain automatic scheduler. You can now build a Charity DAO to accept automatic recurring donations; deploy a web3 version of Stripe for subscription and payment services, or simply incorporate subscription in your current DApp; certainly, you can up level your DeFi DApp and automatically take and distribute profit, re-invest, and/or liquidate risky positions etc. There’re so many possibilities.

We’ll happily accept DApps built for other bounties or any of the three track prizes that incorporate this Automatic Scheduler Function. We’re here to help you succeed and build a winning DApp at ETHDenver.

Level Up Your Project

It doesn’t stop here. Take advantage of additional support and resources to facilitate your journey into a new DeFi ecosystem. Our team looks forward to sharing your project to a much wider audience and supporting your launch on Acala and Polkadot. For more info, reach out on the official Acala Discord.

About Acala

Acala is the decentralized financial hub and stablecoin of Polkadot that makes it fast and easy to use or build financial applications, improving trading efficiency and saving time. The platform offers a suite of financial primitives: a multi-collateralized stablecoin backed by cross-chain assets like Bitcoin, a trustless staking derivative, and a decentralized exchange to unleash liquidity and power financial innovations. Acala is the de facto open platform for finance applications to use smart contracts or built-in protocols with out-of-the-box cross-chain capabilities and robust security.

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